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Insurance industry stronger and better equipped to absorb challenges: A.M. Best


A report by U.S.-based ratings agency A.M. Best Co. Inc. has said that the global insurance and reinsurance industry has emerged with greater financial strength after facing several challenges including liquidity issues, sovereign debt crisis and a sustained period of low interest rates, CPI Financial reported. The report added that insurers and reinsurers have adopted more robust risk practices to ensure balance sheets are better equipped to absorb the challenges.

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